TITLE XXVIII
PARTNERSHIPS

CHAPTER 304-B
UNIFORM LIMITED PARTNERSHIP ACT

Dissenters' Rights

Section 304-B:16-i


[This subdivision was enacted by the New Hampshire General Court and is not a part of the national Uniform Limited Partnership Act.]
    304-B:16-i Payment. –
I. Except as provided in RSA 304-B:16-k, as soon as the proposed limited partnership action is effectuated, or upon receipt of a payment demand, whichever is later, the limited partnership shall pay each dissenter who complied with RSA 304-B:16-h the amount the limited partnership estimates to be the fair value of such dissenter's partnership interest, plus accrued interest.
II. The payment shall be accompanied by:
(a) The limited partnership's balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, and the latest available interim financial statements, if any;
(b) A statement of the limited partnership's estimate of the fair value of the limited partnership interest;
(c) An explanation of how the value of the limited partnership interest was calculated;
(d) A statement of the dissenter's right to demand payment under RSA 304-B:16-l; and
(e) A copy of this subdivision, if the limited partnership has not previously sent a copy of this subdivision to the limited partner pursuant to RSA 304-B:16-e or RSA 304-B:16-g.

Source. 1997, 120:14, eff. Aug. 8, 1997.